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Byline: Cholada Ingsrisawang
Feb. 4--Most analysts agree that the Thai Asset Management Corp could play a crucial role in jump-starting economic growth.
With some one trillion baht in dud assets under the state-owned agency, efficient and rapid corporate restructuring could potentially lead to a much-needed boost for a variety of industries, from property to steel to agribusiness.
On the other hand, poorly drafted restructuring plans would only increase taxpayer losses and worsen the fiscal debt. Still, the government expects up to 500 billion baht in debt to be restructured this year, an ambitious target perhaps, given the huge administrative complications involved in resolving the thousands of cases ...
Source: HighBeam Research, Thai Asset Management Corp. Faces Tough Balancing Act in Boosting...